G7 reaffirms financial system is resilient

The G7 Communique has been reported to reaffirm that the financial system is resilient and it has reiterated the determination to maintain economic and financial stability. The .communique also states that central banks remain strongly committed to achieving price stability.

US Dollar update

At 101.50 DXY, the US Dollar was being pressured on Wednesday following the Consumer Price Index (CPI) that increased in March at a slower-than-expected pace and minute from the FOMC´s March 21-22 meeting whereby the rate hike was widely viewed as dovish. DXY has dropped from a high of 102.15 to a low of 101.449 on the day so far.